Problem 10-4A Pharoah Company sold $4,800,000 at 96 12%, 15-year bonds on January 1, 2019. The bonds were dated January 1 2 , and paid interest on anuary 1 The bonds were sold Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019 At December 31, 2019, $12,800 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2019. (Enter account name only and do not provide descriptive information Pharoah Company Balance Sheet